Concur Technologies (NASDAQ: CNQR) provides software applications that automate corporate travel and expense management. Its flagship program provides the process and information for management to reduce manual checking, improve internal controls, increase business policy compliance, speed up reimbursement, and increase expense report accuracy. The software features Web-based modules for tracking, submitting, and processing reports. Other offerings manage employee requests for vendor payments, manage the planning of corporate meetings and group travel, and search for fraud. Customers include Chubb (NYSE: CB), J.C. Penney (NYSE: JCP) and Texas Instruments (NYSE: TXN). Compuware (NASDAQ: CPWR) and Oracle (NASDAQ: ORCL) are competitors.

The company pleased investors last week, when it reported fiscal Q4 EPS of 15 cents (ex-items) and revenues of $35.75 million. Analysts had been expecting 9 cents and $34.29 million. Management also guided Q1 EPS to 13 cents (8 cent consensus), Q1 revenues to $46.0 million ($43.3M consensus), FY08 EPS to 70 cents (62 cent consensus) and FY08 revenues to $200.0 million ($194.5M consensus). Canaccord Adams and Broadpoint Capital subsequently declared the stock a "buy" and established $40 price targets.

The share price popped on the news and has since been consolidating the gain in a bullish "pennant" pattern. Prices frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Altogether, brokers now recommend the shares with three "strong buys", five "buys", five "holds" and a "sell". Analysts see a 33% growth rate, through the next year. The CNQR Sales Growth rate (30.03%) and EPS Growth rate (275.00%) compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 95% of the outstanding shares. The stock is one of these used to calculate the S&P 600 SmallCap Index. Over the past 52 weeks, it has traded between $14.38 and $36.90. A stop-loss of $29.40 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.